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Hanon Systems Announces Second Quarter 2026 Financial Results

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Revenue reached KRW 2.87 trillion and operating profit of KRW 103.7 billion, marking continued earnings recovery driven by structural improvements and business diversificationAchieved a cost of goods sold (COGS) ratio to 89.3% in the first half of 2026 through global restructuring and company-wide cost optimization initiativesElectrification business accounted for 31% of total revenue, demonstrating flexibility in responding to evolving global vehicle demand

SEOUL, South Korea, July 31, 2026 /PRNewswire/ — Hanon Systems, a leading global automotive thermal management supplier and a subsidiary of Hankook & Company Group, today announced its financial results for the second quarter of 2026.

The company reported consolidated revenue of KRW 2.87 trillion and operating profit of KRW 103.7 billion for the second quarter of 2026. For the first half of the year, cumulative revenue reached KRW 5.62 trillion, representing a 2.7% increase year-on-year. Supported by favorable foreign exchange effects and increased supply of electrification components to European customers, Hanon Systems achieved a first-half operating profit of KRW 200.9 billion. The company also returned to net profitability through improved operational efficiency following global restructuring efforts.

Hanon Systems continued to strengthen its cost competitiveness by reducing its COGS ratio to 89.3% in the first half of 2026. Through company-wide cost optimization initiatives, including material cost management, logistics efficiency improvements, and structural enhancements, the company mitigated the impact of ongoing cost pressures and a challenging operating environment. The company will continue to strengthen its cost competitiveness through ongoing operational improvements and disciplined cost management.

The electrification business represented 31% of total revenue, supported by increased supply to European customers. Leveraging a diversified product portfolio covering internal combustion engine vehicles, hybrids, and battery electric vehicles, Hanon Systems continues to respond effectively to changing market conditions and evolving global demand for electrified mobility solutions.

Soo-Il Lee, Vice Chairman and Chief Executive Officer of Hanon Systems stated, “We have enhanced our operational excellence through company-wide efforts to improve operational efficiency and implement structural improvements despite ongoing global cost pressures. Going forward, we will continue to build long-term competitiveness and pursue sustainable growth, by reinforcing our core capabilities while advancing new growth opportunities based on our automotive thermal management expertise.”

Q2 2026

Q2 2025

Q1 2026

Revenue

KRW 2,875.2 billion 

KRW 2,858.2 billion 

KRW 2,748.2 billion 

Operating Profit 

KRW 103.7 billion

KRW 64.3 billion

KRW 97.2 billion

About Hanon Systems

Hanon Systems, founded in 1986, is a global leader in thermal management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning, powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit hanonsystems.com.

Follow Hanon Systems:

LinkedIn: https://www.linkedin.com/company/hanonsystems
YouTube: https://www.youtube.com/channel/UC6bSZ7NMg7LPhXDyTOMwebQ/feed

 

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SOURCE Hanon Systems

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Oman Deputy IT Minister Applauds Kingsoft Office’s AI Strategy

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SHANGHAI, July 31, 2026 /PRNewswire/ — Dr. Ali bin Amer Al Shidhani, Oman’s deputy minister for communications and information technology, toured Kingsoft Office’s booth at the 2026 World Artificial Intelligence Conference and tested the company’s latest AI agents-Lingxi Professional and WPS Comate.

Yang Songlin, senior product manager at Kingsoft Office, walked Dr. Al Shidhani through the company’s global reach. WPS Office now runs on 678 million monthly active devices across more than 220 countries and regions, the company said.

Both sides discussed WPS’s integrated cloud-and-device architecture, how WPS 365 could meet data-security requirements for government and enterprise clients in the Middle East, and the outlook for AI office software adoption in Oman.

Dr. Al Shidhani praised Kingsoft Office’s approach to enterprise AI—keeping it under control, and putting it to real use. He said he hopes to bring WPS’s AI tools into Oman’s telecommunications sector and government digitization efforts, and to deepen digital-industry ties across the Gulf.

Photo – https://mma.prnewswire.com/media/3008510/image1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/oman-deputy-it-minister-applauds-kingsoft-offices-ai-strategy-302839928.html

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Bybit Dual Asset Now Upgraded with New Simulator and Expanded VIP Access

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DUBAI, UAE, July 31, 2026 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce new upgrades to Bybit Dual Asset, introducing a newly added simulator, a simplified interface and expanded access to VIP-tier products for all users.

Bybit Dual Asset is a short-term, non-principal-protected structured investment product with built-in yield. It allows users to set a target price to buy or sell crypto at a preferred rate. Regardless of whether the target price is reached at settlement, participating users earn APR rewards on their principal, combining price flexibility with a competitive yield for Bybit traders.

Dual Asset, Multiple Benefits

The upgrade introduces an ultra user-friendly simulator, allowing users to preview potential outcomes before placing an order. Within the simulator, users can select a preferred token from a searchable list, enter a custom investment amount, choose from available durations and view both settlement scenarios side by side in a single, clear illustration. A “Match My Assets” filter also surfaces coins based on a user’s current holdings, streamlining product selection. To access the simulator, traders can switch on “Beginner Mode” by navigating to “Choose Product Plan”.

In addition, the Dual Asset interface has been redesigned for a simpler, more intuitive experience, reducing the steps required to compare terms and place an order.

As part of the upgrade, VIP-exclusive Dual Asset products with enhanced APR rates will be unlocked for all Bybit users every Friday, during which weekly window no VIP membership is required. This further broadens access to enhanced-rate products that were previously reserved for top-tier accounts.

The new and improved Bybit Dual Asset retains all the most loved features about the product while introducing exclusive benefits:

Competitive yield: when the target trade is executed, users settle at the preset price while also earning additional APR rewards.Better pricing: compared with direct trading, users can buy at a lower price or sell at a higher price once the target price is reached.Inclusive access: VIP-tier products with enhanced rates now are available to all users every Friday, extending VIP benefits to the broader Bybit community.

Terms and conditions apply. For details on potential restrictions and eligibility, users may visit: Bybit Dual Asset — Revamped for a Better Experience and Bybit Dual Asset.

#Bybit  / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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Fetch Accelerates Student Housing Growth Across New College Markets, Expanding Scalable Community Services for Operators and Residents

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Expansion into Ann Arbor, Athens, Baton Rouge, College Station, Gainesville, Knoxville, and Madison extends Fetch’s centralized model for package management and valet trash in high-demand student housing markets

AUSTIN, Texas, July 31, 2026 /PRNewswire/ — Fetch, the multifamily industry’s leading provider of direct-to-door resident services, today announced accelerated growth in student housing alongside expansion into key college markets. This investment further strengthens its position as the only nationwide centralized community services platform for student housing and multifamily communities.

With new launches in Ann Arbor, Athens, Baton Rouge, College Station, Gainesville, Knoxville, and Madison, Fetch is extending its offsite model for package management, valet trash, storage, and market delivery into some of the country’s largest and most competitive college markets. The expansion reflects increasing demand from operators for a more scalable approach to recurring services that traditionally burden onsite teams and create friction for residents.

Student housing communities typically receive between 30% – 50% more packages than conventional apartment communities, with move-in periods, semester starts, and seasonal transitions creating intense surges that can overwhelm package rooms, lockers, and onsite staff. In these high-volume environments, operators need solutions that can absorb complexity offsite while maintaining a seamless resident experience.

“Fetch has always focused on solving real pain points for our partners, and student housing operators deal with arguably the most complex set of operational demands and resident expectations,” said Michael Patton, Founder and CEO of Fetch. “As we launch additional markets, we are thrilled to help our student housing partners streamline operations, elevate the resident experience, and modernize the essential services that shape daily life in their communities.”

Fetch’s platform removes recurring operational friction from property teams by handling packages offsite and centralizing essential doorstep services under one accountable partner. The average 750-bed community loses 100+ hours each month to package management alone, highlighting the cost of relying on traditional onsite workflows for a growing volume of resident deliveries.

“We are constantly looking for opportunities to improve our resident experience and streamline operations for our site teams. Fetch is one of the rare vendors that helps us achieve both of those goals; we’re excited they are expanding to cover more markets in our portfolio.” said Jonathan Bove, Executive Vice President of Management Services at Landmark Properties, Inc.

“Fetch has been a valuable package delivery solution for Core Spaces because it removes one of the biggest operational headaches from our on-site teams while creating a more convenient experience for residents,” said Dale Callison, Senior Director of Maintenance Operations at Core Spaces. “Instead of managing overflowing package rooms and package-related service requests, residents schedule delivery directly to their door on their own timeline. The biggest wins have been reducing team workload, improving package accountability, minimizing package-room space requirements, and providing a scalable solution for communities with high package volume.” 

The model is particularly relevant as Gen Z and younger renters reshape expectations for apartment and student living with a strong preference for mobile-first convenience, transparency, self-service, and reliability. Fetch addresses those demands by giving residents app-based control over delivery timing and service visibility, reducing clutter and confusion associated with overloaded package rooms, and supporting cleaner, more predictable living environments through dependable valet trash service. The result is a community experience that better aligns with how today’s residents live while allowing onsite teams to stay focused on leasing, retention, and resident engagement.

This latest expansion builds on Fetch’s broader evolution from a package management provider to a centralized community services platform for modern apartment living. As operators seek ways to do more with leaner teams and rising resident expectations, Fetch’s growth in student housing underscores the company’s role as a strategic partner for scaling operations and improving day-to-day life across multifamily communities.

About Fetch
Fetch is the centralized community services platform behind modern apartment living. We unify daily services that shape the resident experience,including package management, valet trash, storage, and market delivery, into one platform. By moving these operations offsite and managing them end-to-end, Fetch removes daily work from onsite teams while delivering a simpler, more reliable experience for residents. Today, Fetch supports nearly 400,000 apartment homes across more than 1,250+ communities in 32 markets nationwide. Headquartered in Austin, Texas, Fetch has delivered nearly 50 million packages and saved tens of thousands of hours for onsite teams. For more information, visit fetchpackage.com and follow us on LinkedIn.

Media Contact:
Cynthia Nino
marketing@fetchpackage.com
fetchpackage.com

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SOURCE Fetch

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